Cyxtera to spin off cybersecurity unit into new business

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    Cyxtera Technologies will separate its cybersecurity business into a new company called AppGate.

    The spin-off is expected to be completed by the first quarter of 2020. AppGate will focus on scaling the company’s cloud-based cybersecurity products, services and analytics tools currently used by more than 1,000 organizations across 40 countries. After the split, Coral Gables-based Cyxtera will primarily run its data centers business.